The Diamond Sports saga involving Bally Sports and several MLB teams is not ending any time soon. As the company fends off bankruptcy, they very well could lose the broadcast rights to five MLB teams.
According to reports, the Cleveland Guardians, Minnesota Twins, Texas Rangers, Cincinnati Reds and Arizona Diamondbacks are potentially on the chopping block due to Diamond Sports owing them payments.
The first team on the docket for Diamond is the Rangers. They are due a rights fee payment by tomorrow. After that, the Guardians, Twins and D-backs are next. They are owed rights fee payments by July 1.
The Bally Sports regional networks that show the Rangers, Guardians, Twins and Diamondbacks all are part of the company's bankruptcy.
Diamond Sports bankruptcy could affect five MLB teams
It remains unlikely that they will reject all those contracts while they sort things out. Unfortunately, the Twins appear to be the team at most risk of this since their deal with Diamond ends after this season.
After those teams, the Reds are owed a payment by July 15. However, since the Reds own part of Bally Sports Ohio, they may be safe from the impending bankruptcy.
With the San Diego Padres, Major League Baseball set the precedent on how they'll handle teams that get their rights back from Diamond. The league has produced and distributed Padres games for the last two weeks with no issues.
Will any of the Guardians, Reds, Rangers, Twins and Diamondbacks be forced to follow suit?